| When he took office in 2001, George W. Bush inherited the strongest economy in American history. He inherited the largest federal budget surplus in American history -- and the prospect of paying off the entire national debt in just eight years. He inherited a strong dollar and sound fiscal policy. He inherited a nation whose economy was so strong that commentators who just a decade before were predicting American decline were now complaining about American dominance. And yet, Dubya blew it. Squandered everything he d inherited from President Clinton. We thought if Junior was good at anything, it was inheriting things. It s Still the Economy, Stupid is the story of how America s CEO -- our first MBA president -- has trashed our economy. It shows: • How he wasted the surplus on massive tax cuts for the hyper-rich. • How he talked down the economy for his short-term political gain, then passed an economic program that has put 1.8 million Americans out of work and cost investors $4.4 trillion. • How he abandoned his free-trade rhetoric to adopt protectionist tariffs, effectively raising taxes on consumers. • How he walked away from needed investments in education, training, and all the things that make us smarter, safer, and stronger economically. • How he plans to go on from here to cripple Social Security and to allow the privileged to avoid even more taxes. It makes you wonder: What do they teach you at Harvard Business School? |
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